Lyxor - the Weekly Brief: Hedge Funds Helped Protect Portfolios in June

Hedge funds suffered a blow in June, with the Lyxor Hedge Fund Index down 2%. The industry is nonetheless outperforming traditional asset classes in a context in which the correlation between equities and bonds is positive. In June, the MSCI World was down 2.6% and sovereign benchmarks were down on both sides of the Atlantic (the 10-year Bund price is down 2%; 10-year Treasury price down 1.7%).